Thinking of getting into business with Coins Leverage? Here is what you must know about this broker. Carefully read this review to find out if coinsleverage.com is the trading platform you will want to trade with.
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About Coins Leverage Broker
Coins Leverage is an offshore brokerage company with a lot of promises for traders. To begin with, the broker address and phone line are all missing on the webpage. This is a red flag we can’t take likely particularly on scam brokers.
There is no different account types for forex traders to select.
To clarify, regardless the trading instruments Coins Leverage claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
coinsleverage.com: Reasons to Avoid This Broker
Firstly, coinsleverage.com is a platform with no financial authority overseeing its financial services. We discover the broker does not care about showing us where it is licensed and regulated, sadly not when there is no license for Coins Leverage to claim.
Secondly, we noticed coinsleverage.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. In fact, It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Coins Leverage takes 24 hours day. The broker leaves us with an unspecified fee.
Minimum Deposit
Coins Leverage minimum deposit is not mentioned.
As for the payment methods, we don’t have anything to discuss. In fact, you should not consider making any payment with this broker because it is a risk. So beware!
EasyProfit Platform
Investorsnet offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.
As for the leverage, the broker discusses nothing. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Coins Leverage Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is coinsleverage.com a Reliable Broker?
No, coinsleverage.com does not seem like a reliable broker for traders even though it promises offers that look good to be true. The broker has shown no interest in discussing relevant information like account types, payment options, location and deposit.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.